VCIT vs. FCOR
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and FCOR (Fidelity Corporate Bond ETF) are both Corporate Bonds funds. VCIT is passively managed, while FCOR is actively managed. Over the past 10 years, VCIT returned 2.65%/yr vs 2.53%/yr for FCOR. Their correlation of 0.82 means they have usually moved in the same direction. VCIT charges 0.03%/yr vs 0.36%/yr for FCOR.
Performance
VCIT vs. FCOR - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a -0.64% return, which is significantly higher than FCOR's -0.80% return. Both investments have delivered pretty close results over the past 10 years, with VCIT having a 2.65% annualized return and FCOR not far behind at 2.53%.
VCIT
- 1D
- -0.15%
- 1M
- -1.31%
- 6M
- -0.88%
- YTD
- -0.64%
- 1Y
- 2.20%
- 3Y*
- 5.78%
- 5Y*
- 0.64%
- 10Y*
- 2.65%
- ALL TIME*
- 4.24%
FCOR
- 1D
- -0.16%
- 1M
- -1.62%
- 6M
- -1.17%
- YTD
- -0.80%
- 1Y
- 1.75%
- 3Y*
- 5.14%
- 5Y*
- -0.10%
- 10Y*
- 2.53%
- ALL TIME*
- 2.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.08M | $2.01M | $1.89M | |
| $656.43M | $641.05M | $718.26M |
VCIT vs. FCOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.64% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
FCOR Fidelity Corporate Bond ETF | -0.80% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
Correlation
The correlation between VCIT and FCOR is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.82 |
The correlation between VCIT and FCOR shifts across timeframes, from 0.82 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCIT vs. FCOR — Risk / Return Rank
VCIT
FCOR
VCIT vs. FCOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Fidelity Corporate Bond ETF (FCOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCIT | FCOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.86 | +0.19 |
| Martin ratioReturn relative to average drawdown | 2.91 | 2.29 | +0.62 |
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Drawdowns
VCIT vs. FCOR - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum FCOR drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for VCIT and FCOR.
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Drawdown Indicators
| VCIT | FCOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -22.60% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.06% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.29% | -5.55% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -22.60% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -22.60% | +2.04% |
Current DrawdownCurrent decline from peak | -2.16% | -2.43% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -4.68% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.14% | -0.08% |
Volatility
VCIT vs. FCOR - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.12%, while Fidelity Corporate Bond ETF (FCOR) has a volatility of 1.23%. This indicates that VCIT experiences smaller price fluctuations and is considered to be less risky than FCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | FCOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.23% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.55% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.41% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 7.06% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 7.09% | -0.81% |
VCIT vs. FCOR - Expense Ratio Comparison
VCIT has a 0.03% expense ratio, which is lower than FCOR's 0.36% expense ratio.
Dividends
VCIT vs. FCOR - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.88%, more than FCOR's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.68% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.46% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
With a correlation of 0.90, VCIT and FCOR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCOR has higher volatility (1.23%) compared to VCIT (1.12%). In terms of maximum drawdown, VCIT dropped -20.56% vs FCOR's -22.60%.
On 10-year performance, VCIT leads with 2.65% vs 2.53% for FCOR. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VCIT has performed better with a 2.65% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.36% for FCOR.
FCOR has the higher dividend yield at 4.68%, compared with 4.46% for VCIT.
They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.03% for VCIT and 0.36% for FCOR.
VCIT currently has the higher Sharpe Ratio (0.75 vs 0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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